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Dec 5, 2012
12/12
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we have u.s. companies sitting on profits that we need to repatriate and get back into the u.s., and the third stage, the longer run, we do need to look towards more revenue sources. we cannot look at this with the aging society based on just looking at the income tax and payroll tax systems, which is why the carbon tax really does commend itself to me. tax that which you want less of. carbon emissions. carbon tax will raise $150 million a year. that is real money that we need not only to broaden the revenue base for an aging society, but it will also help lubricate the tough tax tradeoffs and horsetrading we will have next year. >> on the corporate tax rate, we have not talked about it that much. what does this mean in your business? that we are going to do something comprehensive and real. again, you are competing with the u.k. parliament. they put their tax at 20%. there is no tax on repatriation. japan used to be the highest tax rate in the world, and we were second, and now, we are first. it
we have u.s. companies sitting on profits that we need to repatriate and get back into the u.s., and the third stage, the longer run, we do need to look towards more revenue sources. we cannot look at this with the aging society based on just looking at the income tax and payroll tax systems, which is why the carbon tax really does commend itself to me. tax that which you want less of. carbon emissions. carbon tax will raise $150 million a year. that is real money that we need not only to...
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107
Dec 7, 2012
12/12
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if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this will cause problems in the credit markets. the credit markets will ultimately adjust. the reality has not changed. you will see hedge funds and private equity firms, but that is the process. it will take time. between now and then, it will create a greater amount of turmoil. it is what this means. it means that we do not have the political will to nail this thing down. and we will not. people will recognize that and we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability.
if all the sudden u.s. treasuries were downgraded, wouldn't that have a pretty significant the fact on where we are relative to the avalanche? >> if there is downgraded treasury debt, this would likely trigger other downgrades. bank debt, they will get downgraded. jpmorgans of the world. money managers have in their relationship with their clients agreements not to invest in bonds that have rates below a certain grade. they will have to divest themselves because of the downgrades. this...
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Dec 26, 2012
12/12
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u.s. senator kelly ayotte. [applause] she was the first new hampshire woman elected to congress in 2006. please join me in welcoming representative elect carol shea- porter. [applause] and our newly elected official representing new hampshire's second district, representative elect ann mclane kuster. [applause] finally this morning, the new governor for the state of new hampshire -- please join me in welcoming governor elect maggie hassan. [applause] >> welcome. so exciting. thank you all so much for coming. good morning. so great to see all of you this morning. thank you so much. i really appreciate it. good morning. we have a lot to talk about this morning. in my world, never enough time -- i am sure yours as well. i'm just going to jump right in. i hope we can have a great, well-rounded conversation. the first question i want to ask you is something we talked about -- on the day after the election, people all over the united states seemed so profoundly excited. viewing it as a historic moment. i have to ask
u.s. senator kelly ayotte. [applause] she was the first new hampshire woman elected to congress in 2006. please join me in welcoming representative elect carol shea- porter. [applause] and our newly elected official representing new hampshire's second district, representative elect ann mclane kuster. [applause] finally this morning, the new governor for the state of new hampshire -- please join me in welcoming governor elect maggie hassan. [applause] >> welcome. so exciting. thank you all...
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Dec 13, 2012
12/12
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we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are concerned about is what happens in january, if and when we fail to do our work here now. and also, to expose that the vote that took place in august was a vote to continue the bush era tax cuts. the very same tax cuts that got us into the mess we are in right now. and they're doing that because they're holding hostage the 98% of americans who receive a tax cut under mr. walz's bill before -- that's at the desk today. and they're holding them hostage to make sure that the 2%, the wealthiest 2% don't get that tax cut. our economy is 70% driven b
we are actually here in this building, the u.s. capital -- capitol, america, your congress is in session and we're here to work. yet my republican colleagues refuse to bring up the middle class tax cut bill that is right behind me at this desk. now my colleague from texas can continue to talk about what happened in august of this year. you know, staging votes for the election, that took place. i know the results of the election. when our constituents are concerned -- what our constituents are...